The lawsuit seeks damages for Coinbase, governance reforms and the return of compensation and profits allegedly earned by insiders amid the company’s compliance failures. A Coinbase shareholder filed a derivative lawsuit against several of the crypto exchange’s top executives and board members, alleging they failed in oversight of compliance and disclosures, exposing the company to legal and regulatory fallout. The complaint was filed Tuesday in the US District Court for the District of New Jersey and was brought by shareholder Kevin Meehan on behalf of Coinbase Global. It cites CEO Brian Armstrong, co-founder Fred Ehrsam, and several current and former directors and senior executives, including chief legal officer Paul Grewal and chief financial officer Alesia Haas. According to the filing, the defendants allegedly made false or misleading statements between April 2021, when Coinbase went public through a direct listing, and June 2023. The plaintiff argues that these oversight failures ultimately exposed Coi...
Nigel Farage’s Reform UK reportedly secured a second boost of 3 million British pounds ($4 million) from Thailand-based crypto investor Christopher Harborne Nigel Farage’s Reform UK secured a second boost, this one worth 3 million British pounds ($4 million), in November 2025 from Thailand-based crypto investor Christopher Harborne, the Financial Times reported on Thursday. The aviation entrepreneur and early crypto backer, who is one of Reform’s biggest individual funders, donated $12 million to the party in August 2025, in what was a record single gift to a UK political party by a living donor. The additional donation cemented Reform’s position at the top of the UK’s political party money race. The party pulled in about $18 million in 2025 in total, with the Conservatives receiving $17 million and the governing Labour party $10 million, according to the FT. Read more
Messari said weekly stablecoin inflows rose 414% to $1.7 billion as debate over yield-bearing stablecoins continued to stall US crypto market structure talks. Weekly net stablecoin inflows rebounded last week as onchain activity picked up even while US lawmakers and banking groups sparred over whether third parties should be allowed to pay stablecoin yield, according to a new report from Messari. Weekly net stablecoin inflows accelerated to $1.7 billion, a 414.5% increase week-on-week, according to the report published on Wednesday. The recovery also flipped the 30-day average to a positive $162.5 million in daily inflows. Transaction volumes also rose 6.3%, while average transaction size continued to decline, reflecting renewed stablecoin issuance demand and “strengthened” onchain activity amid retail investors, the report said. Read more
BlackRock’s IBIT led inflows with $307 million as almost all US spot Bitcoin ETFs recorded inflows on Wednesday, extending a three-day inflow streak totaling $1.1 billion. US spot Bitcoin exchange-traded funds saw inflows increase on Wednesday as BTC briefly surged past $73,000. Spot Bitcoin (BTC) ETFs posted $462 million in net inflows, marking the third consecutive day of inflows and bringing the weekly total to $1.1 billion, according to Farside data. The new gains bring year-to-date flows to about $700 million, a modest amount after the ETFs shed $3.8 billion during a five-week outflow streak. Read more
Anthropic previously secured a $200 million Pentagon contract, and its AI has been used in classified operations, including support for US airstrikes on Iran, the Financial Times reports. Anthropic CEO Dario Amodei has reportedly reopened negotiations with the US Department of Defense in a last-minute effort to secure continued access to Pentagon contracts as the company faces the possibility of being labeled a supply chain risk by the Trump administration. Amodei has been holding discussions with Emil Michael, the US undersecretary of defense for research and engineering, to finalize terms governing the military’s use of Anthropic’s artificial intelligence models, the Financial Times reported, citing people familiar with the matter. A new agreement would allow the Pentagon to keep using the company’s technology and could prevent a formal designation that would force contractors in the defense supply chain to cut ties with the AI developer, according to the report. Read more
Bitcoin has jumped as well, increasing 7.6% in the last 24 hours, while Ether is up more than 8.3% to trade at $2,132. Crypto-related stocks surged on Wednesday as recent pro-crypto commentary from the US president pushed Bitcoin and the broader crypto market higher. Alongside a rise in the cryptocurrency market, the Bitcoin (BTC) treasury company Strategy spiked by more than 10%. Crypto exchange Coinbase registered a more than 14% gain, while miners Hut 8 clocked 13.89% and American Bitcoin Corp rose 11.65%. Dominick John, an analyst at Zeus Research, told Cointelegraph the promise of clearer regulations on the near horizon could be one of the factors fueling the rally. Read more
Researchers say fake crypto websites deployed an iOS exploit kit capable of stealing wallet seed phrases and other financial data. Threat researchers at Google say they have uncovered a new exploit kit targeting Apple iPhone users, aimed at stealing crypto wallet seed phrases. The kit, named “Coruna” by its developers, targets iPhones running iOS versions 13.0 up to 17.2.1. It has “five full iOS exploit chains and a total of 23 exploits,” including ones that were previously unknown to the public, the Google Threat Intelligence Group (GTIG) said in a report on Wednesday. The group said it first discovered the kit in February 2025 and has since tracked its use by a suspected Russian espionage group against Ukrainians, and later on fake Chinese crypto websites that aim to steal crypto. Read more